Report
Jerôme Bodin

Vivendi : Preview S1 : un T2 dynamique sur les principaux actifs et confirmation des détails de la scission

>Opinion Surperformance dans la perspective de la scission - Nous faisons un point sur nos attentes du S1 mais aussi sur les messages qui pourraient être délivrés par le groupe à l’occasion de cette publication de résultats du 25/07. Nous tablons tout d’abord sur un bon S1 tiré par une croissance solide des trois principaux actifs : Canal+ (2,9% en organique au T2), Havas (+1,8% au T2) et Lagardère (+10%). Nos estimations annuelles sont inchangées sur les BPA. Nous av...
Underlying
Vivendi SE

Vivendi is an audiovisual group active in the entertainment industry with activities in music, TV, cinema, mobile, fixed and internet, and games. Co.'s operations are divided into five businesses: Canal+ Group which produces and distributes pay-TV in France, analog or digital, and is involved in film making; Universal Music Group which sells recorded music (physical and digital media); GVT which serves as a telecommunication operator for fixed ultra high-speed broadband, fixed-line telecommunications and Pay-TV in Brazil; SFR which is engaged in mobile phone services in France, as well as fixed and ADSL services; and Other Activities which involves ticketing, Wengo and Watchever.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Jerôme Bodin

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